Post
Topic
Board Economics
Re: China banning bitcoin exchages, good or bad?
by
Mastsetad
on 24/05/2018, 07:48:34 UTC
Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect  bitcoin world and bitcoin price in negative way or positive way?  Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.


[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11
These kind of news doesn’t even bothers me at all. All I’m interested in knowing is what’s the condition, what’s with the price of Bitcoin, is it going up or going down? What is happening exactly? That’s all I care to know and apart from that nothing else matters to me. Most of all these things are FUDs and is sometimes being sponsored and carried out by the whales to make the price of Bitcoin and other cryptocurrencies to fall, so they can make a space to invest at a better price rate.